Global Hands-Free Power Liftgate Market Report and Forecast 2024-2032

Global Hands-Free Power Liftgate Market Report and Forecast 2024-2032

Global Hands-Free Power Liftgate Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global hands-free power liftgate market size reached a value of USD 2.30 billion in 2023. Aided by the Increased availability of aftermarket liftgate kits for usage in older vehicle models, the market is projected to further grow at a CAGR of 6.8% between 2024 and 2032 to reach a value of USD 7.51 billion by 2032.

Hands-free power liftgates are automated rear doors in vehicles that can be opened or closed without the use of hands, typically activated by a sensor or a remote key fob. This technology enhances convenience, especially for users carrying heavy loads or for those who have limited mobility. The hands-free power liftgate has gained significant traction in the automotive industry due to its convenience and ease of use, making it a popular feature in both luxury and mid-range vehicles.

The burgeoning automotive industry, particularly in emerging economies, is driving the global hands-free power liftgate market growth. With the increasing production and sales of automobiles, there is a heightened demand for advanced automotive features, subsequently propelling the demand for hands-free power liftgates. Moreover, the rising adoption of electric vehicles (EVs) is further augmenting the market growth, as automakers focus on incorporating advanced technologies to enhance the overall user experience in EVs.

The increasing consumer preference for convenient and advanced vehicle features is driving the market. With the growing awareness of the benefits associated with hands-free power liftgates, such as ease of access and enhanced safety, there has been a significant shift towards vehicles equipped with this feature. Additionally, the rising trend of connected and smart vehicles has further contributed to the increasing popularity of hands-free power liftgates, as they are often integrated with other advanced features, such as keyless entry and remote start.

The expanding applications of hands-free power liftgates in various vehicle segments also play a significant role in boosting the global hands-free power liftgate market share. In the luxury vehicle segment, hands-free power liftgates are often standard features, enhancing the overall appeal and value of the vehicles. In the mid-range and economy segments, the adoption of hands-free power liftgates is growing rapidly, driven by the increasing demand for advanced features at competitive prices. Furthermore, the rising trend of SUVs and crossovers, which often come equipped with hands-free power liftgates, is contributing to the market growth.

As per the global hands-free power liftgate market analysis, the industry is also benefiting from the increasing investments in research and development by automotive manufacturers. The development of innovative and cost-effective hands-free power liftgate systems is driving the market growth. Additionally, the growing focus on enhancing vehicle safety and convenience is propelling the demand for hands-free power liftgates, as they contribute to reducing the risk of injuries caused by manually operating heavy liftgates.

Moreover, the rising focus on sustainability and environmental regulations is influencing the market dynamics. The increasing adoption of lightweight and energy-efficient materials in the production of hands-free power liftgates is gaining traction as a sustainable alternative to conventional systems. The growing consumer preference for eco-friendly products and the stringent environmental regulations are driving the demand for sustainable hands-free power liftgate systems, further augmenting the market growth.

The global automotive industry's growth, particularly in emerging economies, is a significant driver of the hands-free power liftgate market expansion. The rising production and sales of vehicles are propelling the demand for advanced automotive features, such as hands-free power liftgates, thereby boosting the market. The growing popularity of electric vehicles is augmenting the market growth, as automakers focus on incorporating advanced technologies to enhance the overall user experience in EVs. Hands-free power liftgates are increasingly becoming a standard feature in EVs, contributing to the overall convenience and functionality of these vehicles.

Market Segmentation

The market can be divided based on type, vehicle type, propulsion, sales channel and region.

Market Breakup by Type

• Fully Automatic
• Semi-Automatic

Market Breakup by Vehicle Type

• Passenger Vehicle
• SUVs
• Sedans
• Others
• Commercial Vehicle

Market Breakup by Propulsion

• Gasoline
• Diesel
• Electric

Market Breakup by Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hands-free power liftgate market. Some of the major players explored in the report by Expert Market Research are as follows:

• Autoease Technology
• Brose Fahrzeugteile GmbH & Co. KG
• Huf Hulsbeck & Fürst GmbH & Co. KG
• General Motors Company
• Magna International Inc.
• BMW (Bayerische Motoren Werke) AG
• Hyundai Motor Company
• Toyota Motor Corp.
• Tommy Gate
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report. Show more